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WinnCos Lands Financing for $69M MA Resi Project
WinnDevelopment recently secured funding for The Westcott, a 114-unit transit-oriented apartment community in Swampscott, MA, set for completion by mid-2025. The $69.1 million project offers a unit mix that ranges from studios to three-bedroom apartments.
Scheduled amenities include communal spaces, a rooftop deck, fitness and business centers, a dog spa, and more. The project receives state and local support, including Low Income Housing Tax Credits (LIHTC), American Rescue Plan funds, and contributions from agencies like MassHousing and Swampscott Affordable Housing Trust.
“The Wescott is a great example of innovative planning and smart housing solutions we need to keep Massachusetts affordable and competitive,” said Massachusetts Secretary of Housing and Livable Communities Ed Augustus. “The Healey-Driscoll Administration is pleased to support this mixed income, transit-oriented development that will help build a vibrant community in Swampscott.”
- ◦Financing
